Three Korean battery makers, two of whom are Tesla suppliers, are set to showcase their next-generation battery products and technologies at a major industry fair to get ahead in the toughening competition in the fast-growing electric vehicle battery market, the companies said Tuesday.
In the next three days, LG Energy Solution Ltd., Samsung SDI Co., and SK Innovation Co. will introduce their latest battery products and sustainable business models at InterBattery 2021, the Korea Biz Wire reports.
InterBattery is the nation’s leading battery industry exhibition, hosted by the Korean government and 230 companies are expected to attend the exhibition.
LG Energy will present NCMA (nickel, cobalt, manganese, aluminum) cathode materials used in EV batteries, which raised the nickel content to about 90 percent to improve energy density.
In fact, Tesla is expected to become the first automaker to use LG’s new NCMA battery cells later this year, starting July 2021.
Samsung SDI, which supplies chips to Tesla and batteries to BMW, will exhibit the Gen. 5 battery, its own version of a high-performance battery with nearly 90 percent nickel composition, to be released in the latter half.
SK Innovation said its exhibition hall will showcase various EVs models equipped with its lithium-ion battery products, including Hyundai Motor Co.’s Ioniq 5 and Ford’s F-150 pickup truck. Kia Corp.’s upcoming EV6 will be shown in a three-dimensional image.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.